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Working for the tax-saving weekend

March 11, 2016

It's been one of those weeks that makes me totally understand exactly why the TGIF acronym was created. Blarghhhh! Arghhhh! TGIF!

GiphyThe only solace for Milton Waddams, brilliantly played by Stephen Root, in "Office Space" is his red stapler. Huffington Post has even more GIFs from Mike Judge's 1999 workplace documentary comedy.

We've all been there, thinking, at least temporarily, that work sucks. That it's time to get a new job. That being out of work for a while wouldn't be so bad. Or maybe the unbearable cube farm circumstances are a sign that it's time to take that entrepreneurial leap.

All those eventualities are reflected in this week's Daily Tax Tips.

The weird/funny thing is that although the Daily Tax Tip's posting schedule is planned weeks ahead, I somehow must have had some psychic indication that this would be a rough occupational five-day stretch.

If you're dealing with your own "Office Space" idiocy, check out the work-related tax tips that ran Monday, March 7, through today, TGI Friday, March 11:

  1. Is your hobby really a business? (Monday, March 7, 2016)
  2. 12 small business tax breaks (Tuesday, March 8, 2016)
  3. Simplified home office deduction (Wednesday, March 9, 2016)
  4. Unemployment and taxes (Thursday, March 10, 2016)
  5. Writing off job-hunting costs (Friday, March 11, 2016)

Working for the weekend: I have a few more items to complete before I, even as my own boss, can call it a week. But as soon as they are done, I'm outta here!

After an almost full week of rain and sometimes stormy weather, I'm going to take advantage of the sun that's decided to finally return to Central Texas and head outdoors.

I hope that your week was better, or at least sunnier, than mine. Regardless, I hope you, too, can sneak out early from your job and get a head start on the weekend.

If, however, you have to stick it out 5 p.m., maybe you can spend some of that time at least skimming this week's tips with their suggestions on how to use your job (or frustration with it) to shave a few dollars off your tax bill.

If you missed one when it was highlighted in the ol' blog's upper right corner, you can find them in prior weeks' roundups, now handily collected on their own special page.

Plus, all of 2016's pieces of tax advice are on their January, February and now underway March dedicated tips blog pages. (April daily tips through the 18th ultimately will join them.)

Why, yes, you are correct. I am obsessive about taxes and lists. Just doing my job, before cutting out on this wonderful early spring TGIF.

Have a good weekend everybody!

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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